Merrill Lynch Financial Advisor, Gregory P. Washington, Has A Pending Customer Complaint Alleging $6.645 Million In Damages For Sales Practice Violations
Gregory P. Washington (CRD # 5420613) is a Financial Advisor at Merrill Lynch in Washington, DC. Gregory Washington has been in the securities industry since 2009 and previously worked at Aegis Capital Corp, Spartan Capital Securities and Maxim Group.
According to publicy available records released by the Financial Industry Regulatory Authority (FINRA), Gregory Washington is currently the subject of a September 2018 customer complaint alleging “churning, unsuitable investments, misrepresentation, breach of fiduciary duty.” The customer alleges damages of $6,645,956.
In addition to the customer complaint disclosure, Gregory Washington reported a March 2011 tax lien for $57,739 and an August 2007 civil judgment lien in the amount of $1,612.64.
For a copy of Gregory Washington’s BrokerCheck report, click https://brokercheck.finra.org/individual/summary/5420613.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at 800.931.8452 or by email at firstname.lastname@example.org.
- FINRA Reports That Margin Levels in Customer Accounts Have Reached All-Time Highs of More Than $722 Billion
- How to Stop Stock Loss Caused by Your Broker-Dealer
- Former LPL Financial LLC Broker, Maziar Monshi, Has Had Three Customer Complaint Disclosures Alleging Sales Practice Misconduct
- Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker, John Gatto, Has Had Eight Customer Complaint Disclosures Alleging Sales Practice Misconduct
- Wells Fargo Clearing Services, LLC Broker, Kevin Schaefer, Has Had Six Customer Complaint Disclosures Throughout His Career
- Former LPL Financial Broker, Michael Tavel, Suspended by FINRA for 18 Months After Allegedly Participating in Private Securities Transactions Away from His Member Firm
- R.F. Lafferty & Co., Inc. Broker Jay Tomlinson Suspended For Three Months and Fined After Allegations of Improperly Exercised Discretion Without Proper Authorization
- Customer Dispute Pending Against Morgan Stanley Broker and Investment Adviser Darryl Cohen for Alleged Misappropriation of Funds
- FINRA Regulatory Complaint Filed Against Investment Adviser and Former Westpark Capital, Inc. Broker, Gregory McCloskey, for Making Private Securities Transactions
- Former J.P. Morgan Securities LLC Financial Advisor, Paul Zakhary, Suspended and Fined By FINRA Over Suitability Rule Violations